Pair Trades for NVO (NYSE) - Novo Nordisk A/S
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| LLY nyse | 92.7% | 2.70 | Pharmaceuticals |
| CBAY nasdaq | 92.1% | 7.50 | Pharmaceuticals |
| RDY nyse | 84.1% | 1.92 | Pharmaceuticals |
| AMRX nyse | 76.4% | 5.81 | Pharmaceuticals |
| CORT nasdaq | 71.2% | 0.93 | Pharmaceuticals |
| AMPH nasdaq | 66.7% | 2.13 | Pharmaceuticals |
| NVS nyse | 62.5% | -0.41 | Pharmaceuticals |
| ZTS nyse | 61.2% | 0.60 | Pharmaceuticals |
| AQST nasdaq | 60.6% | -0.16 | Pharmaceuticals |
| EYPT nasdaq | 59.2% | 9.85 | Pharmaceuticals |
| GSK nyse | 54.5% | 0.48 | Pharmaceuticals |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NGM nasdaq | -92.3% | -15.49 | Pharmaceuticals |
| AMLX nasdaq | -90.6% | -5.78 | Pharmaceuticals |
| BMY nyse | -88.2% | -2.76 | Pharmaceuticals |
| PFE nyse | -87.9% | -2.88 | Pharmaceuticals |
| RPRX nasdaq | -87.8% | -1.81 | Pharmaceuticals |
| ACRS nasdaq | -86.9% | -22.65 | Pharmaceuticals |
| CARA nasdaq | -86.4% | -11.45 | Pharmaceuticals |
| HRMY nasdaq | -84.3% | -1.56 | Pharmaceuticals |
| OGN nyse | -83.0% | -5.83 | Pharmaceuticals |
| SUPN nasdaq | -81.7% | -2.69 | Pharmaceuticals |
| ARVN nasdaq | -81.2% | 1.03 | Pharmaceuticals |
| SAVA nasdaq | -77.9% | -1.16 | Pharmaceuticals |
| CGC nasdaq | -77.9% | -1.18 | Pharmaceuticals |
| AVIR nasdaq | -76.6% | -4.21 | Pharmaceuticals |
| ACB nasdaq | -74.7% | -1.09 | Pharmaceuticals |
| NKTR nasdaq | -74.5% | -1.89 | Pharmaceuticals |
| SIGA nasdaq | -73.2% | -0.82 | Pharmaceuticals |
| PCRX nasdaq | -72.8% | -3.37 | Pharmaceuticals |
| DRRX nasdaq | -72.6% | -21.61 | Pharmaceuticals |
| RVNC nasdaq | -70.2% | -15.08 | Pharmaceuticals |
| JAZZ nasdaq | -67.8% | -0.87 | Pharmaceuticals |
| VTYX nasdaq | -65.3% | -28.07 | Pharmaceuticals |
| OPTN nasdaq | -61.1% | 0.92 | Pharmaceuticals |
| SCLX nasdaq | -58.7% | -17.74 | Pharmaceuticals |
| CRON nasdaq | -56.1% | 1.54 | Pharmaceuticals |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| LLY nyse | 92.7% | 2.70 | Pharmaceuticals |
| CBAY nasdaq | 92.1% | 7.50 | Pharmaceuticals |
| ATR nyse | 91.4% | 0.68 | Metal, Glass & Plast.. |
| EXEL nasdaq | 90.5% | 2.31 | Biotechnology |
| OLMA nasdaq | 88.0% | 8.52 | Biotechnology |
| MREO nasdaq | 85.7% | 6.59 | Biotechnology |
| PETQ nasdaq | 85.4% | 2.68 | Health Care Distribu.. |
| AUGX nasdaq | 85.3% | 2.74 | Health Care Equipmen.. |
| MIRM nasdaq | 85.1% | 2.39 | Biotechnology |
| RDY nyse | 84.1% | 1.92 | Pharmaceuticals |
| VRTX nasdaq | 83.8% | 1.79 | Biotechnology |
| NUVL nasdaq | 83.7% | 5.45 | Biotechnology |
| IDYA nasdaq | 83.6% | 3.30 | Biotechnology |
| TALK nasdaq | 83.2% | 6.81 | Health Care Equipmen.. |
| SGEN nasdaq | 81.6% | 2.04 | Biotechnology |
| BKD nyse | 81.4% | 2.92 | Health Care Faciliti.. |
| MCK nyse | 81.3% | 1.46 | Health Care Distribu.. |
| BBIO nasdaq | 80.7% | 8.01 | Biotechnology |
| CABA nasdaq | 80.5% | 3.68 | Biotechnology |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ALLK nasdaq | -94.1% | -4.57 | Biotechnology |
| SCTL nasdaq | -94.1% | -7.35 | Biotechnology |
| PETS nasdaq | -93.5% | -7.64 | Internet & Direct Ma.. |
| ANGO nasdaq | -93.2% | -4.23 | Health Care Equipmen.. |
| ABCL nasdaq | -92.5% | -3.00 | Biotechnology |
| CUTR nasdaq | -92.5% | -21.05 | Health Care Equipmen.. |
| NGM nasdaq | -92.3% | -15.49 | Pharmaceuticals |
| ME nasdaq | -92.2% | -6.63 | Biotechnology |
| RAD nyse | -91.9% | -21.42 | Drug Retail |
| SILK nasdaq | -91.7% | -11.95 | Health Care Equipmen.. |
| WBA nasdaq | -91.6% | -3.48 | Drug Retail |
| BNGO nasdaq | -91.6% | -15.37 | Life Sciences Tools.. |
| CMPX nasdaq | -91.3% | -5.06 | Biotechnology |
| OM nasdaq | -91.2% | -14.32 | Health Care Equipmen.. |
| SEER nasdaq | -91.2% | -10.70 | Life Sciences Tools.. |
| AMWL nyse | -91.0% | -7.45 | Health Care Equipmen.. |
| AMLX nasdaq | -90.6% | -5.78 | Pharmaceuticals |
| KZR nasdaq | -90.5% | -11.20 | Biotechnology |
| EBS nyse | -90.4% | -11.04 | Biotechnology |
| AGEN nasdaq | -90.3% | -7.27 | Biotechnology |
| SNTI nasdaq | -90.3% | -7.65 | Biotechnology |
| MRNA nasdaq | -90.2% | -3.59 | Biotechnology |
| PINC nasdaq | -90.2% | -2.15 | Health Care Services |
| SGMO nasdaq | -90.2% | -9.16 | Biotechnology |
| CERS nasdaq | -90.2% | -4.25 | Health Care Supplies |